Federal Reserve Chairperson Jerome Powell said he was in a good position to "wait and see" and was in no hurry to adjust the stance of monetary policy until he received clearer signals. View details...
U.S. short-term interest rate futures continue to bet that the Federal Reserve will cut rates in June and predict a total of three rate cuts in 2025, after Powell said the central bank did not need to rush into action.
Powell said the Federal Reserve did not need to rush into action, but was well-positioned to wait for clearer signals. Click to view...
Federal Reserve Chairperson Powell said that bitcoin is digital gold, and bitcoin is not currently replacing the U.S. dollar, but a strong competitor to gold. In response, Binance co-founder CZ said that Powell's views on bitcoin are improving gradually.
Federal Reserve Chairperson Jerome Powell said that even if the Department of Government Efficiency cuts spending by $1 trillion, it's hard to tell how that will affect the economy.
Federal Reserve Chairperson Jerome Powell said the central bank has not done any work aimed at promoting the development of retail central bank digital currencies (CBDCs).
Federal Reserve Chairperson Jerome Powell said January's inflation data suggest the central bank is close to but not yet on target for inflation.
Federal Reserve Chairperson Jerome Powell said the Federal Reserve will maintain interest rates at current levels and wait for evidence of further reductions in inflation. Paying reserves to banks has not had an impact on inflation, and paying interest on reserves is the way to control policy rates.
Federal Reserve Chairperson Jerome Powell said that we do not want to prevent banks from providing services to legitimate customers using cryptocurrencies. When banks conduct cryptocurrency activities on their own, it is appropriate to ensure that we understand the risks involved.
Federal Reserve Chairperson Jerome Powell said that (when asked if the Fed would give the Department of Government Efficiency access to Fed data) we have no contact with them and have no information to report.
Federal Reserve Chairperson Jerome Powell said he would not resign even if President Donald Trump asked for it.
Powell said the Federal Reserve is not in a hurry to cut interest rates, which reignited market demand for the dollar. The US index currently maintains a high range of fluctuations, and CPI data may help it achieve a breakthrough.
Federal Reserve Chairperson Jerome Powell said he believes the neutral rate has risen beyond the very low levels seen before the epidemic.
Federal Reserve Chairperson Jerome Powell has said that we will never launch a central bank digital currency.
The Federal Reserve's Powell said it was time to "revisit" the issue of debanking, following criticism that the crypto industry was being excluded from banking services. At a Senate Banking Committee hearing on Tuesday, the committee's chairperson, Tim Scott (R-S.C.), asked Powell if he would be willing to work with him to ensure that financial regulations do not "impose unnecessary burdens." Powell...